Bitcoin Technology

Bitcoin Services & Technology

About Bitcoin Services

Bitcoin Mining

Bitcoin mining is the means by which new Bitcoin is brought into circulation, the total of which is to be capped at 21 million BTC.

Blockchain Software Development

Bitcoin Blockchain is the technology backbone of the network and provides a tamper-proof data structure, providing a shared public ledger.

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.

Bitcoin Mining

Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards.

Mining Hardware

Anyone with access to the internet and suitable hardware can participate in mining. In the earliest days of Bitcoin, mining was done with CPUs from normal desktop…